Albert Lea Public Education Foundation Inc

Analysis

Albert Lea Public Education Foundation Inc is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Albert Lea Public Education Foundation Inc reported income of $93k and spending of $156k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $551k to $93k (-83%), an average of -36% a year. The sharpest change came in the year to December 2020, when income dropped by 79%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albert Lea Public Education Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Marine Corps Aviation Association John Glenn Squadron Foundation Inc ($93k), Classical Guitar Alive ($93k) and Hazel Wolf K-8 Ptsa 6 15 24 ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.